US crude oil prices are settling at $63.25. That is down -$1.55 or -2.39%. Earlier today, Trump said that he expects the price of crude oil to trade below $60. Getting the price of oil down is a Trump priority. He also is against alternative energy sources including solar and most definitely wind-farms.
Trump commented that domestic oil production is up 300,000 barrels per day.
Technically, the low price today at $63.13 tested the rising 200-hour moving average at $63.15. Earlier, the price fell below its 100 hour moving average at $63.62. Getting below both would increase the bearish bias and have traders looking down toward the most recent low at $61.45.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about us crude oil futures settle at 63 25 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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